MICHIGAN
As Redbox progressively adds more video games to its selection of available media, the company could pose a threat to local video game stores.
The movie rental kiosk company announced this past weekend that they will be making video games available to rent at more than 21,000 of their locations.
Although movies will continue to be rented out for $1 a night, video games will cost twice that.
Redbox is owned in part by McDonald’s Corporation and Coinstar Inc. Together, the companies have distributed more than 27,000 kiosks nationwide in locations such as grocery stores, retailers, drugstores, restaurants and convenience stores.
Since its launch in 2003, Redbox, along with other new movie renting and streaming alternatives, have put a strain on the movie rental industry.
Blockbuster, for example, has closed thousands of stores worldwide, and Hollywood Video has gone out of business.
Tom Leach is the owner of Video to Go in the Frandor Shopping Center, in Lansing, a video rental store that once also carried video games.